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Overview
Located on a substantial north-facing block of approximately 982 square metres with zoning for Residential Growth, this property provides an exceptional opportunity for diverse development projects such as townhouses, boutique apartments, medical centers, or childcare facilities, subject to council approval.
The existing residence, though original, offers considerable potential with three generous bedrooms, a kitchen, lounge, separate dining area, bathroom, laundry, and separate toilet. Its condition invites renovation or updating, presenting scope for personalization or enhancement.
Positioned strategically, the property benefits from proximity to essential amenities including Blackburn North Square Shopping Centre, Box Hill Centro, TAFE, and hospital services. It is also zoned to reputable primary and secondary schools, ensuring convenience for families.
Transport options are plentiful with access to Laburnum and Blackburn Train Stations as well as nearby bus routes, facilitating easy commuting. The Eastern Freeway provides direct access to the CBD, enhancing connectivity for professionals or commuters.
This offering is well-suited for developers, investors or families seeking a property with both foundational housing and valuable growth potential, combined with excellent location benefits and flexible settlement terms.
Local Market Insights
In Blackburn, Quiet Listings observed 27 new houses entering the market over the last 30 days, up from 20 during the previous 30-day period, with an average advertised asking price of $1,367,593. The property type mix of listed properties is predominantly Houses at 59%, followed by townhouses (17%), and apartments (13%). The most active agency for houses in the Blackburn area is currently Jellis Craig, representing 22% of new listings, followed by Ray White with 19%. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Location
Blackburn VIC 3130
Market Insights for Blackburn VIC 3130
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